Is the Market Bulletproof?

If the stock market has you scratching your head, don’t worry. You’re not alone. I’ve been half-jokingly calling the stock market "bulletproof" for the last couple of weeks. And it’s because stock prices just keep marching higher. It’s like there’s no bad news that could possibly bring it down. Last week, we had a volcano eruption that grounded European flights and cost those airlines at least $2 billion. Then Goldman Sachs was accused of fraud by the SEC, which makes a financial reform bill that could affect the entire banking industry’s profits, and the net result for stock was a one-day decline. And even then, the S&P 500 immediately recovered that loss and made a new yearly high. What’s going on? *****It’s pretty …